RCAR
Watch again. Rose after a big down day but still up a lot. Recent red day Supernovae. Fade possible.
IDXG
New Supernovae scan return. A 3 day move up which closed under the highs and above the open. Volume big Monday. Eventually this can be shorted since it is up so absurdly. I suspect like many such plays it can go further than anyone expects, though. Conditional entry. On a higher open, it might yield a rapid green to red on Friday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues anytime or heavy dumping on volume from or near the bell. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid big gaps, especially downward ones. Do not short into initial strength or greening. Box and drop to wait for the distribution print, if desired and avoid top fish timing fades. Keep flat on positive price action, no scalps.
PIOI
Another new Supernovae. See my comments for the above stock which this resembles to get general approach tips.
SSH
Another new Supernovae. See my comments for IDXG above which this resembles to get general approach tips.
KAYS
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Watch again. Rose after a big down day but still up a lot. Recent red day Supernovae. Fade possible.
IDXG
New Supernovae scan return. A 3 day move up which closed under the highs and above the open. Volume big Monday. Eventually this can be shorted since it is up so absurdly. I suspect like many such plays it can go further than anyone expects, though. Conditional entry. On a higher open, it might yield a rapid green to red on Friday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues anytime or heavy dumping on volume from or near the bell. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid big gaps, especially downward ones. Do not short into initial strength or greening. Box and drop to wait for the distribution print, if desired and avoid top fish timing fades. Keep flat on positive price action, no scalps.
PIOI
Another new Supernovae. See my comments for the above stock which this resembles to get general approach tips.
SSH
Another new Supernovae. See my comments for IDXG above which this resembles to get general approach tips.
KAYS
Another new Supernovae. See my comments for IDXG above which this resembles to get general approach tips.
FGP
B/O scan. I like it long back over 6.95 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Big volume on the rise, a poor sign for new buys. Exiting below 6.50 on fails after trigger entry is possibly advisable. Early r/g buy?
GRFS
Bullish Engulfing. I like this long over 14.77/holds. Modest volume on the rise, which is a fair sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. Stops just under the low last time or the initial 30 minute one on Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 14.56 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
Review my blog at Investimonials:
Follow me now on Twitter:
Watch my instructional trading videos on YouTube:
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http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
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